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Mutual Funds Weekly Roundup: August 2
Brian Mathews
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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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| 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
| 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% |
| 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
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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 |
| FAIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 2.00% | 2.00% | 100.00% |
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% |
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.82% | 100.00% |
| FAIRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
| FAIRX | Category Low | Category High | FAIRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.86% | -1.51% | 4.11% | 80.00% |
| 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
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 1.25 | 20.69 | 8.12 | 16.53 |
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