The Fairholme Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.4%
1 yr return
31.6%
3 Yr Avg Return
13.4%
5 Yr Avg Return
7.5%
Net Assets
$1.31 B
Holdings in Top 10
99.2%
52 WEEK LOW AND HIGH
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 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FAIRX - Profile
Distributions
- YTD Total Return 6.4%
- 3 Yr Annualized Total Return 13.4%
- 5 Yr Annualized Total Return 7.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.25%
- Dividend Yield 0.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameThe Fairholme Fund
-
Fund Family NameFairholme
-
Inception DateDec 29, 1999
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBruce Berkowitz
Fund Description
FAIRX - Performance
Return Ranking - Trailing
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.4% | -6.3% | 48.0% | 79.22% |
| 1 Yr | 31.6% | -0.8% | 92.5% | 12.49% |
| 3 Yr | 13.4%* | -0.2% | 43.3% | 87.20% |
| 5 Yr | 7.5%* | 0.2% | 25.0% | 87.54% |
| 10 Yr | 10.1%* | 4.0% | 27.7% | 74.32% |
* Annualized
Return Ranking - Calendar
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 28.8% | -43.6% | 32.4% | 0.31% |
| 2024 | -18.0% | -34.7% | 47.5% | 98.01% |
| 2023 | 46.1% | -16.9% | 46.1% | 0.11% |
| 2022 | -20.5% | -43.2% | 4.6% | 91.93% |
| 2021 | 6.9% | -44.1% | 57.5% | 87.58% |
Total Return Ranking - Trailing
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.4% | -6.3% | 48.0% | 79.22% |
| 1 Yr | 31.6% | -0.8% | 92.5% | 12.49% |
| 3 Yr | 13.4%* | -0.2% | 43.3% | 87.20% |
| 5 Yr | 7.5%* | 0.2% | 25.0% | 87.54% |
| 10 Yr | 10.1%* | 4.0% | 27.7% | 74.32% |
* Annualized
Total Return Ranking - Calendar
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 29.5% | -0.4% | 32.7% | 0.52% |
| 2024 | -17.4% | -17.4% | 47.5% | 100.00% |
| 2023 | 46.7% | -15.9% | 46.7% | 0.11% |
| 2022 | -20.5% | -42.0% | 8.5% | 98.73% |
| 2021 | 6.9% | 6.9% | 129.7% | 100.00% |
NAV & Total Return History
FAIRX - Holdings
Concentration Analysis
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.31 B | 2.59 M | 238 B | 49.11% |
| Number of Holdings | 13 | 2 | 1671 | 99.79% |
| Net Assets in Top 10 | 1.25 B | 603 K | 47.6 B | 26.55% |
| Weighting of Top 10 | 99.21% | 4.5% | 99.2% | 0.11% |
Top 10 Holdings
- St Joe Co/The 77.91%
- Enterprise Products Partners LP 7.65%
- United States Treasury Bill 2.37%
- United States Treasury Bill 2.37%
- Imperial Metals Corp 2.34%
- United States Treasury Bill 1.98%
- United States Treasury Bill 1.97%
- United States Treasury Bill 1.18%
- Bank OZK 0.97%
- Fidelity Treasury Portfolio 0.47%
Asset Allocation
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| Stocks | 89.19% | 3.70% | 130.75% | 96.43% |
| Bonds | 9.87% | 0.00% | 127.82% | 1.68% |
| Cash | 0.61% | 0.00% | 26.41% | 68.31% |
| Preferred Stocks | 0.32% | 0.00% | 22.62% | 8.39% |
| Other | 0.00% | -1.51% | 19.37% | 72.19% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 69.57% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| Real Estate | 90.54% | 0.00% | 90.54% | 0.11% |
| Basic Materials | 4.78% | 0.00% | 20.01% | 20.25% |
| Energy | 3.57% | 0.00% | 54.00% | 87.24% |
| Technology | 1.11% | 0.00% | 54.02% | 98.10% |
| Utilities | 0.00% | 0.00% | 27.04% | 95.46% |
| Industrials | 0.00% | 0.00% | 42.76% | 99.79% |
| Healthcare | 0.00% | 0.00% | 27.67% | 99.47% |
| Financial Services | 0.00% | 0.00% | 58.05% | 99.89% |
| Communication Services | 0.00% | 0.00% | 26.58% | 99.58% |
| Consumer Defense | 0.00% | 0.00% | 34.10% | 99.68% |
| Consumer Cyclical | 0.00% | 0.00% | 22.74% | 99.58% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| US | 86.85% | 3.70% | 130.75% | 93.49% |
| Non US | 2.34% | 0.00% | 27.70% | 20.67% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| Government | 44.65% | 0.00% | 100.00% | 0.99% |
| Corporate | 14.44% | 0.00% | 100.00% | 11.05% |
| Cash & Equivalents | 0.47% | 0.00% | 100.00% | 67.79% |
| Derivative | 0.00% | -1.51% | 9.06% | 65.06% |
| Securitized | 0.00% | 0.00% | 40.38% | 69.06% |
| Municipal | 0.00% | 0.00% | 0.02% | 69.06% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| US | 9.87% | 0.00% | 112.84% | 1.68% |
| Non US | 0.00% | 0.00% | 14.98% | 68.31% |
FAIRX - Expenses
Operational Fees
| FAIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.00% | 0.03% | 7.64% | 39.73% |
| Management Fee | 1.00% | 0.00% | 1.50% | 98.21% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 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% | 4.00% | 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% | 62.50% |
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% | 240.00% | 5.44% |
FAIRX - Distributions
Dividend Yield Analysis
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.55% | 0.00% | 16.67% | 95.38% |
Dividend Distribution Analysis
| FAIRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.25% | -1.51% | 4.28% | 97.86% |
Capital Gain Distribution Analysis
| FAIRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2025 | $0.222 | OrdinaryDividend |
| Dec 13, 2024 | $0.211 | OrdinaryDividend |
| Dec 13, 2024 | $0.211 | OrdinaryDividend |
| Dec 15, 2023 | $0.147 | OrdinaryDividend |
| Dec 13, 2019 | $0.165 | OrdinaryDividend |
| Dec 14, 2018 | $0.337 | OrdinaryDividend |
| Dec 15, 2017 | $0.260 | OrdinaryDividend |
| Dec 16, 2016 | $1.178 | CapitalGainLongTerm |
| Dec 16, 2016 | $0.405 | OrdinaryDividend |
| Dec 11, 2015 | $12.312 | CapitalGainLongTerm |
| Dec 11, 2015 | $0.600 | OrdinaryDividend |
| Dec 29, 2014 | $0.036 | CapitalGainShortTerm |
| Dec 29, 2014 | $3.042 | CapitalGainLongTerm |
| Dec 27, 2013 | $3.397 | CapitalGainLongTerm |
| Dec 28, 2012 | $0.246 | None |
| Dec 16, 2011 | $0.908 | OrdinaryDividend |
| Dec 31, 2010 | $0.075 | ExtraDividend |
| Dec 16, 2010 | $1.690 | CapitalGainLongTerm |
| Dec 16, 2010 | $0.313 | OrdinaryDividend |
| Dec 16, 2009 | $0.267 | OrdinaryDividend |
| Dec 17, 2008 | $0.435 | CapitalGainLongTerm |
| Dec 17, 2008 | $0.106 | OrdinaryDividend |
| Dec 19, 2007 | $0.238 | CapitalGainShortTerm |
| Dec 19, 2007 | $0.246 | CapitalGainLongTerm |
| Dec 19, 2007 | $0.214 | OrdinaryDividend |
| Dec 14, 2006 | $0.172 | CapitalGainLongTerm |
| Dec 14, 2006 | $0.243 | OrdinaryDividend |
| Dec 09, 2005 | $0.135 | CapitalGainShortTerm |
| Dec 09, 2005 | $0.343 | CapitalGainLongTerm |
| Dec 09, 2005 | $0.217 | OrdinaryDividend |
| Aug 09, 2005 | $0.012 | OrdinaryDividend |
| Dec 21, 2004 | $0.447 | CapitalGainShortTerm |
| Dec 21, 2004 | $0.080 | CapitalGainLongTerm |
| Dec 21, 2004 | $0.060 | OrdinaryDividend |
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 |
|---|---|---|---|
| 0.13 | 86.59 | 8.32 | 6.71 |