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FAIRX Fairholme

  • Fund
  • FAIRX
  • Price as of: Aug 08, 2016
  • $19.72
  • + $0.03
  • + 0.15%
  • Category
  • Large Cap Value Equities

FAIRX - Profile

Vitals

  • YTD Return 6.6%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 5.2%
  • Net Assets $2.88 B
  • Holdings in Top 10 65.2%

52 WEEK LOW AND HIGH

$19.72
$15.37
$36.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.03%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 40.46%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$10,000

IRA

$5,500

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.31%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Fairholme Fund
  • Fund Family Name Fairholme
  • Inception Date Dec 29, 1999
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Bruce R. Berkowitz

Fund Description

The Fairholme Fund (FAIRX) is an actively managed fund that seeks to aggressively grow investor capital. The fund invests in a variety of fixed-income securities, stocks and private-placement investments in an effort to grow capital. FAIRX uses fundamental value metrics to choose its portfolio. The fund is considered a high-conviction fund and will only own a few holdings at any given time.

With its high-conviction style, FAIRX is best suited as a satellite position in a portfolio. The fund is managed by Fairholme Capital Management, LLC.

FAIRX - Performance

Return Ranking - Trailing

Period FAIRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.6% -49.0% 20.6% 40.64% 3
1 Yr -9.3% -16.5% 24.9% 96.48% 5
3 Yr 0.6% * -3.3% 12.6% 98.25% 5
5 Yr 5.2% * -0.1% 15.3% 98.69% 5
10 Yr 5.1% * 0.3% 9.5% 64.73% 4

* Annualized


Return Ranking - Calendar

Period FAIRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -47.3% -47.3% 4.5% 93.48% 5
2014 -10.5% -10.5% 7.1% 100.00% 5
2013 24.7% 23.2% 38.5% 60.00% 3
2012 35.8% 9.9% 35.8% 20.00% 1
2011 -34.9% -34.9% 7.5% 100.00% 5

Total Return Ranking - Trailing

Period FAIRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.6% -49.0% 20.6% 41.22% 3
1 Yr -9.3% -19.4% 21.9% 93.72% 5
3 Yr 0.6% * -3.3% 12.6% 98.46% 5
5 Yr 5.2% * -0.1% 15.3% 98.36% 5
10 Yr 5.1% * 0.3% 9.5% 61.16% 4

* Annualized


Total Return Ranking - Calendar

Period FAIRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -47.3% -47.3% 4.5% 93.48% 5
2014 -10.5% -10.5% 8.7% 100.00% 5
2013 39.8% 31.7% 41.8% 40.00% 2
2012 43.8% 13.8% 43.8% 20.00% 1
2011 -37.1% -37.1% 12.6% 100.00% 5

NAV & Total Return History

FAIRX - Holdings

Filings data as of: Feb 29, 2016

Concentration Analysis

FAIRX Category Low Category High FAIRX % Rank Quintile
Net Assets 2.88 B 273 K 82.2 B 5.04% 2
Number of Holdings 50 1 1019 11.70% 4
Net Assets in Top 10 1.75 B 0 24.3 B 2.85% 1
Weighting of Top 10 65.2% 0.0% 100.1% 1.05% 1

Top 10 Holdings

  1. Fed Natl Mort Assc Pfd 6.74%
  2. The St. Joe Co 13.15%
  3. Sears Holdings Corp 9.11%
  4. FHLMC Pfd 5.87%
  5. Imperial Metals Corp New 144A 7% 4.98%
  6. Amer Intl Grp ([Wts/Rts]) 11.83%
  7. Sears Hldgs 8% 4.35%
  8. NOW Inc 3.79%
  9. Seritage Growth Properties A 3.22%
  10. Lands' End Inc 2.17%

Asset Allocation

Weighting Category Low Category High FAIRX % Rank Quintile
Stocks
50.37% 0.00% 145.57% 24.55% 5
Cash
21.87% -45.58% 100.00% 0.86% 1
Preferred Stocks
16.29% 0.00% 16.29% 0.10% 1
Bonds
10.43% -0.25% 68.80% 0.67% 1
Other
1.05% -2.39% 29.06% 3.90% 1
Convertible Bonds
0.00% 0.00% 6.26% 1.24% 5

Stock Sector Breakdown

Weighting Category Low Category High FAIRX % Rank Quintile
Real Estate
16.37% -0.42% 20.47% 0.19% 1
Financial Services
14.68% 0.00% 41.32% 23.55% 5
Consumer Cyclical
12.44% 0.00% 36.79% 4.77% 1
Energy
5.90% 0.00% 29.15% 22.40% 5
Basic Materials
0.99% 0.00% 18.87% 21.16% 5
Healthcare
0.00% 0.00% 29.91% 27.84% 5
Industrials
0.00% 0.00% 31.23% 26.79% 5
Communication Services
0.00% -0.78% 14.21% 22.12% 5
Consumer Defense
0.00% -1.99% 26.19% 27.45% 5
Technology
0.00% 0.00% 28.40% 27.36% 5
Utilities
0.00% 0.00% 77.60% 23.55% 5

Stock Geographic Breakdown

Weighting Category Low Category High FAIRX % Rank Quintile
US
48.43% 0.00% 135.19% 28.35% 5
Non US
1.94% 0.00% 97.88% 19.70% 4

Bond Sector Breakdown

Weighting Category Low Category High FAIRX % Rank Quintile
Corporate
17.18% 0.00% 64.80% 0.76% 1
Cash & Equivalents
12.57% -45.58% 100.00% 1.52% 1
Government
9.54% 0.00% 23.55% 0.29% 1
Securitized
0.00% 0.00% 24.61% 0.57% 5
Municipal
0.00% 0.00% 1.16% 0.48% 5
Derivative
0.00% -0.31% 0.00% 0.10% 5

Bond Geographic Breakdown

Weighting Category Low Category High FAIRX % Rank Quintile
US
5.45% -0.25% 54.49% 0.86% 1
Non US
4.98% 0.00% 14.87% 0.38% 1

FAIRX - Expenses

Operational Fees

FAIRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.03% 0.05% 21.67% 16.37% 3
Management Fee 1.00% 0.00% 1.20% 0.48% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.50% 0.00% 0.50% 0.17% 5

Sales Fees

FAIRX Fees (% of AUM) Category Low Category High FAIRX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

FAIRX Fees (% of AUM) Category Low Category High FAIRX Rank Quintile
Max Redemption Fee 2.00% 0.50% 2.00% 0.98% 5

Turnover 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 Low Category High FAIRX Rank Quintile
Turnover 40.46% 0.00% 293.00% 9.51% 3

FAIRX - Distributions

Dividend Yield Analysis

FAIRX Category Low Category High FAIRX % Rank Quintile
Dividend Yield N/A 0.00% 3.58% N/A N/A

Dividend Distribution Analysis

FAIRX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FAIRX Category Low Category High FAIRX % Rank Quintile
Net Income Ratio 1.31% -1.41% 3.44% 14.37% 3

Capital Gain Distribution Analysis

FAIRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FAIRX - Managers

Bruce R. Berkowitz

Lead Manager

Start Date

Dec 29, 1999

Tenure

16.6

Tenure Rank

1.6%

Bruce R. Berkowitz is the Founder, Managing Member and Chief Investment Officer of Fairholme Capital Management and President and a Director of Fairholme Funds, Inc. Mr. Berkowitz received a Bachelor of Arts in Economics from the University of Massachusetts at Amherst in 1980.


Tenure Analysis

Category Low

0.1

Category High

37.9

Category Average

6.92

Category Mode

1.6