FAIRX: Fairholme

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

FAIRX Fairholme

  • Fund
  • FAIRX
  • Price as of: Dec 06, 2019
  • $19.74
    + $0.30 + 1.54%

Profile

FAIRX - Profile

Vitals

  • YTD Return 30.4%
  • 3 Yr Annualized Return -7.1%
  • 5 Yr Annualized Return -12.3%
  • Net Assets $1.06 B
  • Holdings in Top 10 57.3%

52 WEEK LOW AND HIGH

$19.74
$15.08
$19.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 16.29%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $10,000
  • IRA $5,500

Fund Classification


Distributions

  • YTD Total Return 30.4%
  • 3 Yr Annualized Total Return -4.6%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 1.7%
  • 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.


Get Updates About FAIRX

Sign up for Advisor Access to receive email updates about FAIRX competitors, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Categories

Performance

FAIRX - Performance

Return Ranking - Trailing

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

Return Ranking - Calendar

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%

Total Return Ranking - Trailing

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

Total Return Ranking - Calendar

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%

NAV & Total Return History


Holdings

FAIRX - Holdings

Concentration Analysis

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%

Top 10 Holdings

  1. The St. Joe Co 36.35%
  2. Federal Home Loan Mortgage Corp 8 3/8 % Fxd-to-Fltng Non-Cum Perp Pfd Shs 9.81%
  3. Fannie Mae Pfd Shs Ser S 9.69%
  4. Imperial Metals Corp 1.19%
  5. Vista Outdoor Inc 0.16%
  6. Sears Holdings Corporation 8% 0.13%

Asset Allocation

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%

Stock Sector Breakdown

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%

Stock Geographic Breakdown

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%

Bond Sector Breakdown

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%

Bond Geographic Breakdown

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%

Expenses

FAIRX - Expenses

Operational Fees

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%

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 1.00% 5.00% N/A

Trading Fees

FAIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 33.33%

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 16.29% 0.00% 5067.00% 20.71%

Distributions

FAIRX - Distributions

Dividend Yield Analysis

FAIRX Category Low Category High FAIRX % Rank
Dividend Yield 1.71% 0.00% 14.21% 5.45%

Dividend Distribution Analysis

FAIRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Net Income Ratio Analysis

FAIRX Category Low Category High FAIRX % Rank
Net Income Ratio 1.57% -8.87% 4.47% 17.41%

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 R. Berkowitz


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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 40.94 7.94 6.17