Fairholme
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-31.2%
1 yr return
2.0%
3 Yr Avg Return
17.9%
5 Yr Avg Return
10.6%
Net Assets
$1.35 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
Investment Style
Large Value
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
FAIRX - Profile
Distributions
- YTD Total Return -31.2%
- 3 Yr Annualized Total Return 17.9%
- 5 Yr Annualized Total Return 10.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.25%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameFairholme Fund
-
Fund Family NameFairholme
-
Inception DateDec 29, 1999
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBruce Berkowitz
Fund Description
Under normal circumstances, to achieve the fund's investment objective by investing in a focused portfolio of equity and fixed-income securities. It may invest in common and preferred stock, interests in PTPs, business trust shares, depository receipts, rights and warrants to subscribe for the purchase of equity securities, and interests in REITs. The fund may invest in U.S. corporate debt securities, non-U.S. corporate debt securities, bank debt, U.S. government and agency debt securities, short-term debt obligations of foreign governments and foreign money market instruments. It is non-diversified.
FAIRX - Performance
Return Ranking - Trailing
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -31.2% | -68.3% | 322.7% | 99.22% |
| 1 Yr | 2.0% | -26.2% | 51.5% | 60.67% |
| 3 Yr | 17.9%* | -6.3% | 23.9% | 5.23% |
| 5 Yr | 10.6%* | -0.5% | 15.4% | 36.72% |
| 10 Yr | 9.9%* | 4.8% | 16.7% | 92.85% |
* Annualized
Return Ranking - Calendar
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 6.9% | -78.0% | 57.5% | 84.81% |
| 2020 | 46.9% | -23.2% | 285.0% | 0.76% |
| 2019 | 31.0% | -32.1% | 76.3% | 1.40% |
| 2018 | -24.8% | -62.4% | 92.3% | 91.64% |
| 2017 | -7.2% | -72.0% | 48.6% | 97.58% |
Total Return Ranking - Trailing
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -31.2% | -68.3% | 27.4% | 99.22% |
| 1 Yr | 2.0% | -26.2% | 83.4% | 53.95% |
| 3 Yr | 17.9%* | -6.3% | 23.9% | 4.70% |
| 5 Yr | 10.6%* | -0.5% | 17.8% | 34.85% |
| 10 Yr | 9.9%* | 4.8% | 16.7% | 92.11% |
* Annualized
Total Return Ranking - Calendar
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 6.9% | -87.2% | 57.5% | 84.81% |
| 2020 | 46.9% | -23.2% | 17709.3% | 0.85% |
| 2019 | 31.0% | -32.1% | 48.5% | 1.40% |
| 2018 | -24.8% | -37.1% | 17.4% | 95.24% |
| 2017 | -5.9% | -72.0% | 27.5% | 99.32% |
NAV & Total Return History
FAIRX - Holdings
Concentration Analysis
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.35 B | 390 K | 151 B | 38.92% |
| Number of Holdings | 11 | 2 | 1727 | 99.63% |
| Net Assets in Top 10 | 1.44 B | 2.06 K | 32.3 B | 16.80% |
| Weighting of Top 10 | 99.20% | 5.0% | 100.0% | 0.23% |
Top 10 Holdings
- The St. Joe Co 80.10%
- United States Treasury Bills 1.52% 5.32%
- Berkshire Hathaway Inc Class B 5.05%
- Fannie Mae Pfd Shs Ser S 3.89%
- United States Treasury Bills 0.07% 3.86%
- United States Treasury Bills 0.015% 3.79%
- United States Treasury Bills 0.02% 3.79%
- United States Treasury Bills 0.08501% 3.71%
- United States Treasury Bills 0.04252% 3.44%
- United States Treasury Bills 0.12007% 3.44%
Asset Allocation
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| Stocks | 88.47% | 28.02% | 125.26% | 96.65% |
| Bonds | 5.15% | 0.00% | 80.18% | 2.01% |
| Cash | 4.72% | -88.20% | 71.98% | 10.33% |
| Preferred Stocks | 1.67% | 0.00% | 19.30% | 2.53% |
| Other | 0.00% | -3.07% | 26.80% | 58.22% |
| Convertible Bonds | 0.00% | 0.00% | 4.88% | 59.63% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| Real Estate | 90.54% | 0.00% | 90.54% | 0.07% |
| Basic Materials | 4.78% | 0.00% | 21.69% | 23.36% |
| Energy | 3.57% | 0.00% | 54.00% | 84.48% |
| Technology | 1.11% | 0.00% | 54.02% | 98.43% |
| Utilities | 0.00% | 0.00% | 32.19% | 95.22% |
| Industrials | 0.00% | 0.00% | 42.76% | 99.85% |
| Healthcare | 0.00% | 0.00% | 35.91% | 99.63% |
| Financial Services | 0.00% | 0.00% | 58.05% | 100.00% |
| Communication Services | 0.00% | 0.00% | 26.58% | 98.73% |
| Consumer Defense | 0.00% | 0.00% | 34.10% | 99.63% |
| Consumer Cyclical | 0.00% | 0.00% | 22.74% | 99.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| US | 86.89% | 24.51% | 121.23% | 80.45% |
| Non US | 1.58% | 0.00% | 45.02% | 70.04% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| Government | 44.65% | 0.00% | 100.00% | 0.83% |
| Cash & Equivalents | 40.91% | 0.00% | 100.00% | 92.97% |
| Corporate | 14.44% | 0.00% | 100.00% | 10.59% |
| Derivative | 0.00% | 0.00% | 68.15% | 56.58% |
| Securitized | 0.00% | 0.00% | 40.38% | 55.09% |
| Municipal | 0.00% | 0.00% | 0.16% | 55.17% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| US | 5.15% | 0.00% | 63.04% | 2.01% |
| Non US | 0.00% | 0.00% | 17.14% | 58.36% |
FAIRX - Expenses
Operational Fees
| FAIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.00% | 0.01% | 4.02% | 33.46% |
| Management Fee | 1.00% | 0.00% | 1.50% | 97.96% |
| 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 | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.50% | 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% | 41.54% |
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% | 4.59% |
FAIRX - Distributions
Dividend Yield Analysis
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.74% | 86.41% |
Dividend Distribution Analysis
| FAIRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.25% | -1.51% | 4.28% | 98.21% |
Capital Gain Distribution Analysis
| FAIRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2019 | $0.165 | OrdinaryDividend |
| Dec 14, 2018 | $0.337 | OrdinaryDividend |
| Dec 15, 2017 | $0.260 | OrdinaryDividend |
| Dec 16, 2016 | $0.405 | OrdinaryDividend |
| Dec 11, 2015 | $0.600 | OrdinaryDividend |
| Dec 28, 2012 | $0.246 | None |
| Dec 16, 2011 | $0.908 | OrdinaryDividend |
| Dec 31, 2010 | $0.075 | ExtraDividend |
| Dec 16, 2009 | $0.267 | OrdinaryDividend |
| Aug 09, 2005 | $0.012 | 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 |
|---|---|---|---|
| 0.09 | 86.59 | 7.89 | 16.42 |