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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Fairholme Fund

FAIRX | Fund

$34.54

$1.29 B

0.43%

$0.15

1.00%

Vitals

YTD Return

-4.5%

1 yr return

38.7%

3 Yr Avg Return

6.9%

5 Yr Avg Return

14.0%

Net Assets

$1.29 B

Holdings in Top 10

99.9%

52 WEEK LOW AND HIGH

$34.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.00%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 8.84%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$10,000

IRA

$6,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Fairholme Fund

FAIRX | Fund

$34.54

$1.29 B

0.43%

$0.15

1.00%

FAIRX - Profile

Distributions

  • YTD Total Return -4.5%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 14.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.25%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    The Fairholme Fund
  • Fund Family Name
    Fairholme
  • Inception Date
    Dec 29, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bruce Berkowitz

Fund Description

Fairholme Capital Management, L.L.C. (the “Manager”), the investment adviser to The Fairholme Fund, attempts, under normal circumstances, to achieve The Fairholme Fund’s investment objective by investing in a focused portfolio of equity and fixed-income securities. The proportion of The Fairholme Fund’s assets invested in each type of asset class will vary from time to time based upon the Manager’s assessment of general market and economic conditions. The Fairholme Fund may invest in, and may shift frequently among, asset classes and market sectors.
The equity securities in which The Fairholme Fund may invest include common and preferred stock (including convertible preferred stock), interests in publicly traded partnerships (“PTPs”), business trust shares, depository receipts, rights and warrants to subscribe for the purchase of equity securities, and interests in real estate investment trusts (“REITs”).
The fixed-income securities in which The Fairholme Fund may invest include U.S. corporate debt securities, non‑U.S. corporate debt securities, bank debt (including bank loans and participations), U.S. Government and agency debt securities (including U.S. Treasury bills), short-term debt obligations of foreign governments and foreign money market instruments.
The Fairholme Fund may also invest in “special situations,” which are situations when the securities of a company are expected to appreciate over time due to company-specific developments rather than general business conditions or movements of the market as a whole.
The Manager uses fundamental analysis to identify certain attractive characteristics of companies. Such characteristics may include: high free cash flow yields in relation to market values and risk-free rates; sensible capital allocation policies; strong competitive positions; solid balance sheets; liquidity and leverage; stress-tested owner/managers; participation in stressed industries having reasonable prospects for recovery; potential for long-term growth; significant tangible assets in relation to enterprise values; high returns on invested equity and capital; and the production of essential services and products. The Manager defines free cash flow as the cash a company would generate annually from operations after all cash outlays necessary to maintain the business in its current condition.
Although The Fairholme Fund normally holds a focused portfolio of equity and fixed-income securities, The Fairholme Fund is not required to be fully invested in such securities and may maintain a significant portion of its total assets in cash and securities generally considered to be cash equivalents. In certain market conditions, the Manager may determine that it is appropriate for The Fairholme Fund to hold a significant cash position for an extended period of time.
The Fairholme Fund may also use other investment strategies and invest its assets in other types of investments, which are described in the section in this Prospectus entitled “Additional Information about the Funds’ Investments and Risks,” and in The Fairholme Fund’s Statement of Additional Information (“SAI”).
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FAIRX - Performance

Return Ranking - Trailing

Period FAIRX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.5% -4.5% 22.2% 100.00%
1 Yr 38.7% -5.0% 42.6% 0.78%
3 Yr 6.9%* -2.6% 31.5% 72.56%
5 Yr 14.0%* -0.1% 44.3% 6.77%
10 Yr 5.8%* 1.3% 24.9% 97.11%

* Annualized

Return Ranking - Calendar

Period FAIRX Return Category Return Low Category Return High Rank in Category (%)
2023 46.1% -24.9% 46.1% 0.09%
2022 -20.5% -65.1% 4.6% 90.90%
2021 6.9% -44.2% 57.5% 86.56%
2020 46.9% -23.2% 285.0% 0.84%
2019 31.0% -21.4% 48.5% 1.25%

Total Return Ranking - Trailing

Period FAIRX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.5% -4.5% 22.2% 100.00%
1 Yr 38.7% -5.0% 42.6% 0.78%
3 Yr 6.9%* -2.6% 31.5% 72.56%
5 Yr 14.0%* -0.1% 44.3% 6.77%
10 Yr 5.8%* 1.3% 24.9% 97.11%

* Annualized

Total Return Ranking - Calendar

Period FAIRX Return Category Return Low Category Return High Rank in Category (%)
2023 46.7% -15.9% 46.7% 0.09%
2022 -20.5% -42.0% 8.5% 98.94%
2021 6.9% 3.6% 129.7% 99.91%
2020 46.9% -22.6% 304.8% 1.49%
2019 32.1% -12.7% 52.1% 3.74%

NAV & Total Return History


FAIRX - Holdings

Concentration Analysis

FAIRX Category Low Category High FAIRX % Rank
Net Assets 1.29 B 93 163 B 40.38%
Number of Holdings 11 2 1689 99.83%
Net Assets in Top 10 1.25 B 420 K 33.9 B 19.73%
Weighting of Top 10 99.86% 5.6% 99.9% 0.09%

Top 10 Holdings

  1. St Joe Co/The 79.70%
  2. Enterprise Products Partners LP 6.32%
  3. Fidelity Treasury Portfolio 3.71%
  4. United States Treasury Bill- When Issued 3.18%
  5. United States Treasury Bill 1.60%
  6. United States Treasury Bill 1.59%
  7. United States Treasury Bill 1.59%
  8. Imperial Metals Corp 0.92%
  9. FEDERAL HOME LOAN MORTGAGE CORP 0.74%
  10. Berkshire Hathaway Inc 0.50%

Asset Allocation

Weighting Return Low Return High FAIRX % Rank
Stocks
87.45% 1.86% 108.42% 96.83%
Bonds
7.97% -0.71% 73.23% 1.29%
Cash
3.84% -0.79% 38.18% 14.67%
Preferred Stocks
0.74% 0.00% 13.88% 7.03%
Other
0.00% -3.53% 39.72% 71.87%
Convertible Bonds
0.00% 0.00% 3.66% 70.42%

Stock Sector Breakdown

Weighting Return Low Return High FAIRX % Rank
Real Estate
90.54% 0.00% 90.54% 0.09%
Basic Materials
4.78% 0.00% 21.69% 20.81%
Energy
3.57% 0.00% 54.00% 87.91%
Technology
1.11% 0.00% 54.02% 98.45%
Utilities
0.00% 0.00% 27.04% 96.89%
Industrials
0.00% 0.00% 42.76% 99.91%
Healthcare
0.00% 0.00% 30.08% 99.91%
Financial Services
0.00% 0.00% 58.05% 99.91%
Communication Services
0.00% 0.00% 26.58% 99.40%
Consumer Defense
0.00% 0.00% 34.10% 99.83%
Consumer Cyclical
0.00% 0.00% 22.74% 99.65%

Stock Geographic Breakdown

Weighting Return Low Return High FAIRX % Rank
US
86.54% 1.86% 108.42% 92.54%
Non US
0.92% 0.00% 27.89% 30.36%

Bond Sector Breakdown

Weighting Return Low Return High FAIRX % Rank
Government
44.65% 0.00% 100.00% 0.81%
Corporate
14.44% 0.00% 100.00% 10.50%
Cash & Equivalents
3.71% 0.00% 100.00% 17.51%
Derivative
0.00% -3.53% 6.83% 66.01%
Securitized
0.00% 0.00% 40.38% 68.69%
Municipal
0.00% 0.00% 0.02% 68.69%

Bond Geographic Breakdown

Weighting Return Low Return High FAIRX % Rank
US
7.97% -0.71% 65.41% 1.29%
Non US
0.00% 0.00% 7.82% 69.21%

FAIRX - Expenses

Operational Fees

FAIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.01% 17.54% 44.54%
Management Fee 1.00% 0.00% 1.50% 99.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 99.72%

Sales Fees

FAIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

FAIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 67.69%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FAIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.84% 0.00% 488.00% 4.60%

FAIRX - Distributions

Dividend Yield Analysis

FAIRX Category Low Category High FAIRX % Rank
Dividend Yield 0.43% 0.00% 36.55% 93.93%

Dividend Distribution Analysis

FAIRX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Semi-Annually

Net Income Ratio Analysis

FAIRX Category Low Category High FAIRX % Rank
Net Income Ratio -0.25% -1.51% 4.28% 98.16%

Capital Gain Distribution Analysis

FAIRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

FAIRX - Fund Manager Analysis

Managers

Bruce Berkowitz


Start Date

Tenure

Tenure Rank

Dec 29, 1999

22.44

22.4%

Mr. Berkowitz is the President and a Director of Fairholme Capital Management. Mr. Berkowitz has been Chief Investment Officer of the firm since its inception in 1997. Mr. Berkowitz also serves as a Director and Chairman of the Board of Directors of a pooled investment vehicle for which the firm serves as the investment adviser and The St. Joe Company, which is listed on the New York Stock Exchange (“NYSE”). Mr. Berkowitz received a Bachelor of Arts in Economics from the University of Massachusetts at Amherst in 1980.Mr. Berkowitz has over 30 years of investment management experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.01 16.42