Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
ALERT

FREE Webinar for FA’s and RIA’s — Reserve Your Seat Now!

Mutualfunds logo

FAIRX Fairholme

  • Fund
  • FAIRX
  • Price as of: Dec 02, 2016
  • $24.27
  • - $0.31
  • - 1.26%
  • Category
  • Large Cap Value Equities

FAIRX - Profile

Vitals

  • YTD Return 31.2%
  • 3 Yr Annualized Return -3.8%
  • 5 Yr Annualized Return 7.3%
  • Net Assets $2.52 B
  • Holdings in Top 10 64.9%

52 WEEK LOW AND HIGH

$24.27
$15.37
$32.44

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 31.2%
  • 3 Yr Annualized Total Return -3.8%
  • 5 Yr Annualized Total Return 7.3%
  • 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 31.2% -49.0% 184.6% 0.38% 1
1 Yr -10.7% -47.2% 21.9% 98.18% 5
3 Yr -3.8% * -15.3% 13.9% 98.46% 5
5 Yr 7.3% * -0.1% 15.0% 94.82% 5
10 Yr 4.4% * -0.5% 8.4% 64.30% 4

* Annualized


Return Ranking - Calendar

Period FAIRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -47.3% -47.3% 0.6% 91.03% 5
2014 -10.5% -46.4% 14.8% 85.94% 5
2013 24.7% -13.6% 45.0% 57.32% 4
2012 35.8% -22.7% 35.8% 0.12% 1
2011 -34.9% -34.9% 13.0% 92.31% 5

Total Return Ranking - Trailing

Period FAIRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 31.2% -49.0% 191.7% 0.39% 1
1 Yr -10.7% -51.7% 110.4% 97.89% 5
3 Yr -3.8% * -11.2% 19.9% 98.76% 5
5 Yr 7.3% * -0.1% 15.0% 93.50% 5
10 Yr 4.4% * -0.5% 8.4% 61.44% 4

* Annualized


Total Return Ranking - Calendar

Period FAIRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -16.5% -26.0% 5.6% 94.27% 5
2014 -4.5% -14.3% 39.5% 96.11% 5
2013 92.6% 0.0% 289.2% 1.12% 1
2012 242.7% 0.0% 528.1% 0.36% 1
2011 -76.6% -84.2% 231.9% 98.30% 5

NAV & Total Return History

FAIRX - Holdings

Filings data as of: Aug 31, 2016

Concentration Analysis

FAIRX Category Low Category High FAIRX % Rank Quintile
Net Assets 2.52 B 273 K 80.8 B 5.23% 2
Number of Holdings 59 1 1006 11.51% 4
Net Assets in Top 10 1.77 B 0 24.7 B 2.85% 1
Weighting of Top 10 64.9% 0.0% 100.1% 1.05% 1

Top 10 Holdings

  1. Fed Natl Mort Assc Pfd 8.17%
  2. The St. Joe Co 16.03%
  3. Sears Holdings Corp 7.06%
  4. FHLMC Pfd 6.79%
  5. Imperial Metals Corp New 144A 7% 5.35%
  6. Sears Hldgs 8% 4.48%
  7. Seritage Growth Properties A 3.40%
  8. Chesapeake Engy 6.625% 6.36%
  9. Chesapeake Engy 7.25% 4.07%
  10. American International Group, Inc., Vested, Strike Price $44.583, Expire 01 3.22%

Asset Allocation

Weighting Category Low Category High FAIRX % Rank Quintile
Stocks
34.56% 0.00% 132.95% 26.17% 5
Bonds
24.41% -0.12% 74.66% 0.57% 1
Preferred Stocks
18.87% 0.00% 18.87% 0.10% 1
Cash
18.06% -32.95% 100.00% 0.86% 1
Other
4.11% -2.64% 25.55% 0.67% 1
Convertible Bonds
0.00% 0.00% 6.90% 1.24% 5

Stock Sector Breakdown

Weighting Category Low Category High FAIRX % Rank Quintile
Real Estate
19.44% 0.00% 19.44% 0.10% 1
Consumer Cyclical
9.83% 0.00% 36.38% 8.96% 2
Basic Materials
1.31% 0.00% 14.96% 20.11% 5
Financial Services
0.00% 0.00% 38.34% 28.41% 5
Healthcare
0.00% 0.00% 29.91% 27.45% 5
Industrials
0.00% 0.00% 31.48% 26.31% 5
Energy
0.00% 0.00% 29.15% 27.45% 5
Communication Services
0.00% -0.70% 12.38% 21.45% 5
Consumer Defense
0.00% -1.44% 27.66% 26.98% 5
Technology
0.00% 0.00% 29.49% 27.84% 5
Utilities
0.00% -0.70% 76.90% 22.69% 5

Stock Geographic Breakdown

Weighting Category Low Category High FAIRX % Rank Quintile
US
32.22% 0.00% 132.95% 28.73% 5
Non US
2.34% 0.00% 98.96% 19.89% 4

Bond Sector Breakdown

Weighting Category Low Category High FAIRX % Rank Quintile
Corporate
30.75% 0.00% 71.14% 0.48% 1
Government
12.52% 0.00% 26.96% 0.29% 1
Cash & Equivalents
0.58% -32.95% 100.00% 19.79% 4
Securitized
0.00% 0.00% 25.81% 0.67% 5
Municipal
0.00% 0.00% 0.84% 0.48% 5
Derivative
0.00% -0.37% 0.08% 0.19% 5

Bond Geographic Breakdown

Weighting Category Low Category High FAIRX % Rank Quintile
US
19.06% -0.12% 71.71% 0.57% 1
Non US
5.35% 0.00% 14.49% 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% 16.08% 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% 221.00% 9.71% 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% 3.83% 15.03% 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

16.85

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

0.0

Category High

38.2

Category Average

6.95

Category Mode

4.8