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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.
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| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 30.4% | -58.5% | 67.7% | 6.84% |
| 1 Yr | 25.6% | -95.1% | 59.2% | 4.42% |
| 3 Yr | -7.1%* | -62.6% | 38.3% | 95.46% |
| 5 Yr | -12.3%* | -45.7% | 28.8% | 98.38% |
| 10 Yr | -4.0%* | -12.9% | 31.6% | 98.41% |
* Annualized
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -24.8% | -100.0% | 23.6% | 92.74% |
| 2017 | -7.2% | -55.3% | 69.8% | 97.94% |
| 2016 | 17.3% | -56.6% | 80.1% | 14.06% |
| 2015 | -47.3% | -50.8% | 22.5% | 99.43% |
| 2014 | -10.5% | -87.7% | 249.9% | 94.49% |
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 30.4% | -58.5% | 67.7% | 6.84% |
| 1 Yr | 25.6% | -61.9% | 59.2% | 4.42% |
| 3 Yr | -4.6%* | -34.2% | 38.3% | 93.74% |
| 5 Yr | 0.3%* | -32.5% | 28.8% | 74.15% |
| 10 Yr | 4.8%* | -12.9% | 31.6% | 80.11% |
* Annualized
| Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -24.8% | -100.0% | 23.6% | 94.81% |
| 2017 | -5.9% | -55.3% | 69.8% | 97.46% |
| 2016 | 25.6% | -56.6% | 80.1% | 5.38% |
| 2015 | -12.2% | -50.8% | 30.8% | 86.04% |
| 2014 | -2.7% | -87.7% | 249.9% | 88.16% |
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.06 B | 462 K | 106 B | 25.25% |
| Number of Holdings | 40 | 1 | 6176 | 72.55% |
| Net Assets in Top 10 | 630 M | -642 M | 25.8 B | 18.77% |
| Weighting of Top 10 | 57.33% | 0.0% | 20474.3% | 19.33% |
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| Cash | 42.67% | -6.92% | 7388.76% | 21.57% |
| Stocks | 37.70% | -46.11% | 101.23% | 85.85% |
| Preferred Stocks | 19.50% | -0.48% | 19.87% | 0.28% |
| Bonds | 0.13% | -11.97% | 45.27% | 34.45% |
| Other | 0.00% | -7288.76% | 31.15% | 64.57% |
| Convertible Bonds | 0.00% | -0.02% | 17.79% | 67.51% |
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| Real Estate | 36.35% | -42.91% | 51.03% | 1.71% |
| Basic Materials | 1.19% | -35.69% | 71.11% | 63.39% |
| Consumer Cyclical | 0.16% | -18.86% | 290.60% | 85.47% |
| Utilities | 0.00% | -18.34% | 75.11% | 82.76% |
| Technology | 0.00% | -90.00% | 73.59% | 93.87% |
| Industrials | 0.00% | -24.82% | 58.12% | 94.87% |
| Healthcare | 0.00% | -5.40% | 79.31% | 94.02% |
| Financial Services | 0.00% | -23.60% | 71.54% | 94.30% |
| Energy | 0.00% | -7.00% | 96.18% | 87.89% |
| Communication Services | 0.00% | -92.49% | 42.32% | 89.32% |
| Consumer Defense | 0.00% | -66.89% | 53.36% | 89.60% |
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| US | 36.51% | -24.97% | 84.31% | 83.19% |
| Non US | 1.19% | -48.75% | 62.12% | 73.53% |
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 42.67% | -6.91% | 7388.76% | 21.43% |
| Corporate | 19.63% | 0.00% | 50.05% | 0.42% |
| Derivative | 0.00% | -12.74% | 2.21% | 60.36% |
| Securitized | 0.00% | 0.00% | 26.70% | 65.69% |
| Municipal | 0.00% | 0.00% | 3.44% | 64.15% |
| Government | 0.00% | -0.42% | 29.44% | 71.29% |
| Weighting | Return Low | Return High | FAIRX % Rank | |
|---|---|---|---|---|
| US | 0.13% | -11.97% | 36.16% | 33.33% |
| Non US | 0.00% | -0.83% | 9.11% | 67.79% |
| FAIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.00% | 0.04% | 11.84% | 78.71% |
| Management Fee | 1.00% | 0.00% | 2.94% | 69.09% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.50% | 0.01% | 1.12% | 98.69% |
| 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 | 1.00% | 5.00% | N/A |
| FAIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 0.50% | 2.00% | 33.33% |
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 | 16.29% | 0.00% | 5067.00% | 20.71% |
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.71% | 0.00% | 14.21% | 5.45% |
| FAIRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Quarterly |
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.57% | -8.87% | 4.47% | 17.41% |
| FAIRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| Date | Amount |
|---|---|
| Dec 14, 2018 | $0.337 |
| Dec 15, 2017 | $0.260 |
| Dec 16, 2016 | $0.405 |
| Dec 11, 2015 | $0.600 |
| Dec 28, 2012 | $0.246 |
| Dec 16, 2011 | $0.908 |
| Dec 31, 2010 | $0.075 |
| Dec 16, 2009 | $0.267 |
| Aug 09, 2005 | $0.012 |
Start Date
Tenure
Tenure Rank
Dec 29, 1999
19.93
19.9%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.0 | 40.94 | 7.94 | 6.17 |
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