The Fairholme Focused Income Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.3%
1 yr return
10.4%
3 Yr Avg Return
8.2%
5 Yr Avg Return
6.1%
Net Assets
$211 M
Holdings in Top 10
98.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 118.05%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
$6,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FOCIX - Profile
Distributions
- YTD Total Return 4.3%
- 3 Yr Annualized Total Return 8.2%
- 5 Yr Annualized Total Return 6.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.20%
- Dividend Yield 4.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameThe Fairholme Focused Income Fund
-
Fund Family NameFairholme
-
Inception DateDec 31, 2009
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBruce Berkowitz
Fund Description
FOCIX - Performance
Return Ranking - Trailing
Period | FOCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.3% | -7.2% | 5.1% | 0.31% |
1 Yr | 10.4% | -9.4% | 15.0% | 6.76% |
3 Yr | 8.2%* | -16.5% | 19.8% | 0.82% |
5 Yr | 6.1%* | -11.9% | 36.4% | 2.26% |
10 Yr | 4.9%* | -4.9% | 19.3% | 5.16% |
* Annualized
Return Ranking - Calendar
Period | FOCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.4% | -4.7% | 14.3% | 1.72% |
2022 | 3.6% | -33.4% | 3.6% | 0.16% |
2021 | 5.5% | -8.4% | 14.9% | 2.30% |
2020 | 0.3% | -13.9% | 302.7% | 42.40% |
2019 | 4.6% | -4.4% | 13.3% | 86.48% |
Total Return Ranking - Trailing
Period | FOCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.3% | -7.2% | 5.1% | 0.31% |
1 Yr | 10.4% | -9.4% | 15.0% | 6.76% |
3 Yr | 8.2%* | -16.5% | 19.8% | 0.82% |
5 Yr | 6.1%* | -11.9% | 36.4% | 2.26% |
10 Yr | 4.9%* | -4.9% | 19.3% | 5.16% |
* Annualized
Total Return Ranking - Calendar
Period | FOCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.6% | -4.7% | 18.2% | 38.53% |
2022 | 6.0% | -33.4% | 47.8% | 0.79% |
2021 | 6.7% | -8.4% | 24.8% | 17.21% |
2020 | 1.0% | -9.6% | 325.6% | 92.57% |
2019 | 7.4% | 0.9% | 21.5% | 93.41% |
NAV & Total Return History
FOCIX - Holdings
Concentration Analysis
FOCIX | Category Low | Category High | FOCIX % Rank | |
---|---|---|---|---|
Net Assets | 211 M | 1.45 M | 23.6 B | 71.96% |
Number of Holdings | 14 | 2 | 2736 | 99.38% |
Net Assets in Top 10 | 205 M | -492 M | 4.45 B | 29.41% |
Weighting of Top 10 | 98.11% | 4.2% | 146.9% | 0.93% |
Top 10 Holdings
- Enterprise Products Partners LP 25.50%
- Fidelity Treasury Portfolio 18.32%
- United States Treasury Bill 9.55%
- United States Treasury Bill 9.55%
- United States Treasury Bill- When Issued 9.54%
- United States Treasury Bill 7.18%
- Bank OZK 5.65%
- United States Treasury Bill 4.79%
- United States Treasury Bill 4.78%
- W R Berkley Corp 3.24%
Asset Allocation
Weighting | Return Low | Return High | FOCIX % Rank | |
---|---|---|---|---|
Bonds | 45.39% | -3.13% | 154.38% | 96.30% |
Stocks | 36.22% | 0.00% | 99.54% | 1.39% |
Cash | 18.32% | -52.00% | 48.07% | 2.01% |
Preferred Stocks | 0.47% | 0.00% | 7.88% | 18.58% |
Other | 0.00% | -63.70% | 102.57% | 68.89% |
Convertible Bonds | 0.00% | 0.00% | 17.89% | 97.21% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FOCIX % Rank | |
---|---|---|---|---|
Energy | 48.85% | 0.00% | 100.00% | 42.42% |
Basic Materials | 25.05% | 0.00% | 100.00% | 5.06% |
Financial Services | 13.25% | 0.00% | 100.00% | 15.17% |
Technology | 11.06% | 0.00% | 33.17% | 9.83% |
Healthcare | 1.80% | 0.00% | 22.17% | 12.92% |
Utilities | 0.00% | 0.00% | 100.00% | 73.31% |
Real Estate | 0.00% | 0.00% | 86.71% | 67.98% |
Industrials | 0.00% | 0.00% | 93.12% | 73.03% |
Communication Services | 0.00% | 0.00% | 99.99% | 83.15% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 70.51% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 76.69% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FOCIX % Rank | |
---|---|---|---|---|
US | 36.13% | 0.00% | 99.54% | 1.39% |
Non US | 0.09% | -0.01% | 0.83% | 6.66% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FOCIX % Rank | |
---|---|---|---|---|
Government | 80.30% | 0.00% | 99.07% | 0.47% |
Cash & Equivalents | 18.32% | 0.00% | 48.07% | 1.39% |
Corporate | 4.51% | 0.00% | 129.69% | 99.07% |
Derivative | 0.00% | -15.04% | 42.26% | 64.71% |
Securitized | 0.00% | 0.00% | 97.24% | 78.91% |
Municipal | 0.00% | 0.00% | 4.66% | 64.81% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FOCIX % Rank | |
---|---|---|---|---|
US | 45.39% | -3.13% | 129.21% | 95.82% |
Non US | 0.00% | 0.00% | 98.19% | 76.93% |
FOCIX - Expenses
Operational Fees
FOCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.02% | 0.04% | 31.61% | 48.14% |
Management Fee | 1.00% | 0.00% | 1.84% | 97.53% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
FOCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FOCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
FOCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 118.05% | 1.00% | 255.00% | 93.72% |
FOCIX - Distributions
Dividend Yield Analysis
FOCIX | Category Low | Category High | FOCIX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.37% | 0.00% | 49.68% | 94.62% |
Dividend Distribution Analysis
FOCIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
FOCIX | Category Low | Category High | FOCIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.20% | -2.39% | 14.30% | 99.21% |
Capital Gain Distribution Analysis
FOCIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.093 | OrdinaryDividend |
Dec 15, 2023 | $0.139 | OrdinaryDividend |
Sep 29, 2023 | $0.085 | OrdinaryDividend |
Jun 30, 2023 | $0.053 | OrdinaryDividend |
Mar 31, 2023 | $0.070 | OrdinaryDividend |
Dec 16, 2022 | $0.087 | OrdinaryDividend |
Sep 30, 2022 | $0.065 | OrdinaryDividend |
Jun 24, 2022 | $0.056 | OrdinaryDividend |
Mar 30, 2022 | $0.045 | OrdinaryDividend |
Dec 17, 2021 | $0.019 | OrdinaryDividend |
Sep 24, 2021 | $0.049 | OrdinaryDividend |
Jun 25, 2021 | $0.026 | OrdinaryDividend |
Mar 26, 2021 | $0.028 | OrdinaryDividend |
Dec 18, 2020 | $0.017 | OrdinaryDividend |
Mar 27, 2020 | $0.050 | OrdinaryDividend |
Dec 13, 2019 | $0.045 | OrdinaryDividend |
Sep 27, 2019 | $0.068 | OrdinaryDividend |
Jun 28, 2019 | $0.079 | OrdinaryDividend |
Mar 29, 2019 | $0.090 | OrdinaryDividend |
Dec 14, 2018 | $0.053 | OrdinaryDividend |
Sep 28, 2018 | $0.115 | OrdinaryDividend |
Jun 29, 2018 | $0.143 | OrdinaryDividend |
Mar 29, 2018 | $0.138 | OrdinaryDividend |
Sep 29, 2017 | $0.150 | OrdinaryDividend |
Jun 30, 2017 | $0.137 | OrdinaryDividend |
Mar 31, 2017 | $0.166 | OrdinaryDividend |
Sep 30, 2016 | $0.152 | OrdinaryDividend |
Jun 30, 2016 | $0.128 | OrdinaryDividend |
Mar 31, 2016 | $0.147 | OrdinaryDividend |
Sep 25, 2015 | $0.118 | OrdinaryDividend |
Jun 26, 2015 | $0.107 | OrdinaryDividend |
Mar 27, 2015 | $0.108 | OrdinaryDividend |
Sep 26, 2014 | $0.059 | OrdinaryDividend |
Jun 27, 2014 | $0.047 | OrdinaryDividend |
Mar 28, 2014 | $0.035 | OrdinaryDividend |
Sep 27, 2013 | $0.048 | OrdinaryDividend |
Jun 28, 2013 | $0.209 | OrdinaryDividend |
Mar 28, 2013 | $0.119 | OrdinaryDividend |
Dec 28, 2012 | $0.246 | OrdinaryDividend |
Sep 28, 2012 | $0.242 | OrdinaryDividend |
Jun 29, 2012 | $0.249 | OrdinaryDividend |
Mar 30, 2012 | $0.233 | OrdinaryDividend |
Dec 30, 2011 | $0.245 | OrdinaryDividend |
Sep 30, 2011 | $0.194 | OrdinaryDividend |
Jun 30, 2011 | $0.168 | OrdinaryDividend |
Mar 31, 2011 | $0.118 | OrdinaryDividend |
Dec 31, 2010 | $0.157 | OrdinaryDividend |
Sep 30, 2010 | $0.120 | OrdinaryDividend |
Jun 30, 2010 | $0.050 | OrdinaryDividend |
Mar 31, 2010 | $0.030 | OrdinaryDividend |
FOCIX - Fund Manager Analysis
Managers
Bruce Berkowitz
Start Date
Tenure
Tenure Rank
Dec 31, 2009
12.42
12.4%
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 |
---|---|---|---|
0.13 | 37.79 | 7.12 | 8.17 |