FAIRX: Fairholme

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FAIRX Fairholme


Profile

FAIRX - Profile

Vitals

  • YTD Return -2.7%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return -11.2%
  • Net Assets $1.06 B
  • Holdings in Top 10 77.7%

52 WEEK LOW AND HIGH

$19.30
$15.61
$21.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 8.05%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $10,000
  • IRA $6,000

Fund Classification


Distributions

  • YTD Total Return -2.7%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 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, partnership interests, 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.


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Categories

Performance

FAIRX - Performance

Return Ranking - Trailing

Period FAIRX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -23.1% 12.7% 40.00%
1 Yr 0.4% -21.3% 23.6% 60.00%
3 Yr -1.7%* -7.3% -1.7% 50.00%
5 Yr -11.2%* -11.2% -4.7% 100.00%
10 Yr -5.1%* -5.1% -0.3% 100.00%

* Annualized

Return Ranking - Calendar

Period FAIRX Return Category Return Low Category Return High Rank in Category (%)
2019 31.0% -0.1% 31.0% 33.33%
2018 -24.8% -28.4% -18.0% 66.67%
2017 -7.2% -7.2% -0.5% 100.00%
2016 17.3% 4.1% 17.3% 50.00%
2015 -47.3% -47.3% -21.6% 100.00%

Total Return Ranking - Trailing

Period FAIRX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -23.1% 12.7% 40.00%
1 Yr 0.4% -21.3% 23.6% 60.00%
3 Yr -1.2%* -7.3% -1.2% 50.00%
5 Yr 0.0%* -4.7% 0.0% 50.00%
10 Yr 3.5%* -0.3% 3.5% 50.00%

* Annualized

Total Return Ranking - Calendar

Period FAIRX Return Category Return Low Category Return High Rank in Category (%)
2019 31.0% -0.1% 31.0% 33.33%
2018 -24.8% -28.4% -18.0% 66.67%
2017 -5.9% -5.9% -0.5% 100.00%
2016 25.6% 4.1% 25.6% 50.00%
2015 -12.2% -21.6% -12.2% 50.00%

NAV & Total Return History


Holdings

FAIRX - Holdings

Concentration Analysis

FAIRX Category Low Category High FAIRX % Rank
Net Assets 1.06 B 1.06 M 1.06 B 20.00%
Number of Holdings 12 12 76 100.00%
Net Assets in Top 10 730 M 405 K 730 M 20.00%
Weighting of Top 10 77.74% 34.8% 77.7% 20.00%

Top 10 Holdings

  1. The St. Joe Co 45.51%
  2. Federal Home Loan Mortgage Corp 8 3/8 % Fxd-to-Fltng Non-Cum Perp Pfd Shs 8.53%
  3. Fannie Mae Pfd Shs Ser S 8.37%
  4. United States Treasury Bills 0.07% 5.21%
  5. Berkshire Hathaway Inc Class B 4.90%
  6. United States Treasury Bills 0.01% 1.38%
  7. United States Treasury Bills 0.06% 1.38%
  8. United States Treasury Bills 0.09% 1.38%
  9. Imperial Metals Corp 0.96%
  10. Sears Holdings Corporation 8% 0.11%

Asset Allocation

Weighting Return Low Return High FAIRX % Rank
Stocks
51.37% 51.37% 94.19% 100.00%
Cash
22.37% 0.13% 22.37% 20.00%
Preferred Stocks
16.90% 0.00% 19.30% 40.00%
Bonds
9.36% 0.00% 9.36% 20.00%
Other
0.00% 0.00% 26.80% 100.00%
Convertible Bonds
0.00% 0.00% 1.03% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High FAIRX % Rank
Real Estate
88.59% 0.03% 88.59% 20.00%
Financial Services
9.54% 5.54% 16.37% 60.00%
Basic Materials
1.87% 0.07% 9.56% 80.00%
Utilities
0.00% 0.00% 12.61% 100.00%
Technology
0.00% 0.00% 54.02% 100.00%
Industrials
0.00% 0.00% 13.26% 100.00%
Healthcare
0.00% 0.00% 24.43% 100.00%
Energy
0.00% 0.00% 17.28% 100.00%
Communication Services
0.00% 0.00% 6.64% 100.00%
Consumer Defense
0.00% 0.00% 14.21% 100.00%
Consumer Cyclical
0.00% 0.00% 10.10% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High FAIRX % Rank
US
50.41% 26.40% 88.31% 80.00%
Non US
0.96% 0.96% 25.39% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High FAIRX % Rank
Cash & Equivalents
46.00% 4.06% 100.00% 60.00%
Corporate
34.76% 0.00% 95.94% 60.00%
Government
19.24% 0.00% 19.24% 20.00%
Derivative
0.00% 0.00% 0.00% 100.00%
Securitized
0.00% 0.00% 0.00% 100.00%
Municipal
0.00% 0.00% 0.00% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High FAIRX % Rank
US
9.36% 0.00% 9.36% 20.00%
Non US
0.00% 0.00% 0.00% 100.00%

Expenses

FAIRX - Expenses

Operational Fees

FAIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 1.00% 4.76% 100.00%
Management Fee 1.00% 0.00% 1.50% 83.33%
12b-1 Fee N/A 0.00% 0.00% N/A
Administrative Fee N/A 0.10% 0.45% 99.72%

Sales Fees

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

Trading Fees

FAIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 100.00%

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 8.05% 8.04% 36.00% 40.00%

Distributions

FAIRX - Distributions

Dividend Yield Analysis

FAIRX Category Low Category High FAIRX % Rank
Dividend Yield 0.00% 0.00% 0.82% 100.00%

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 0.86% -1.51% 4.11% 80.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FAIRX - Fund Manager Analysis

Managers

Bruce Berkowitz


Start Date

Tenure

Tenure Rank

Dec 29, 1999

20.69

20.7%

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
1.25 20.69 8.12 16.53